Regular Savings Account
Regular Savings Account
What is a Regular Savings Account?
The Regular Savings Account is a flexible savings solution designed for both individuals and entities to manage funds efficiently while earning interest through a tiered rate structure. It enables customers to maintain liquidity while benefiting from progressive interest rates, encouraging higher balances and better financial management.
Benefits of Regular Savings
- Flexible savings account for individuals, businesses, and organisations
- Tiered interest rates – higher balances earn higher returns
- Supports both personal and operational fund management
- E-statements for convenient account management
- Accessible via branches, with mobile banking integration coming soon
Eligibility Criteria
The following are eligible to open a Regular Savings Account:
- Individuals (18 years and above)
- Sole proprietorships
- Partnerships
- Membership clubs and societies
- Public and private limited liability companies
Minimum Requirements
- Initial deposit: LKR 500
Related FAQs
This account is available to individuals and legally recognised entities, including sole proprietorships, partnerships, companies, clubs, and societies, subject to KYC and regulatory requirements.
Yes. Joint accounts are permitted for individuals. For entities, authorised signatories may operate the account according to the mandate.
Interest is calculated based on the account balance, with higher balances earning higher rates according to predefined tiers.
Customers must provide standard KYC documentation:
Individuals: Proof of identity and address
Entities: Business registration documents, authorized signatory details, and relevant constitutional documents
No. Individual applicants must be 18 years or older.
Yes. The deposit may be used as collateral, subject to Janashakthi Finance’s lending policies.
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